FII FnO Analysis for 19 April trade in Nifty Future

By | April 18, 2012

Below is my Interpretation of FII OI data Sheet for 19-Apr-12.

1. FII  bought 22667  Contracts of NF worth 589.47 cores OI also increased  by 20869.

2. As Nifty Futures was up  by 3 points and OI has increased  by 20869, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.

3. Nifty  closed above 20SMA@5262 first sign of strength but unable to close above 50 SMA@5338. Above 50 SMA Bulls rule and trend becomes stronger. Today we did moved above 50 SMA and made a high of 5342 but unable to sustain above it. Till Nifty is closing above 20 SMA dips near 5262 should be bought into.

4.Trading range is still active 5380-5221. NF made a hig of 5364 and turned back so range is still active 🙂

5. Trendline which we have been discussing from past 1 week resistance comes at 5310.Today also unable to close above 5310 🙁 Also we can see a falling wedge formation which is a bullish pattern. All we need a close above 5344 for the pattern to show its true color. This is what we discussed yesterday and High made by Nifty spot is 5342 🙂 

6. Nifty April   OI has increased   by 6.5 Lakhs .Total OI stands at 1.84  cores  contracts.Fresh Longs addition by traders

7. Total F&O turnover was highest in April series 1.04 lakhs  Cores  with total contract traded at 2.59 lakh .With correction in market volumes are lacking. One good thing that happened today Gap got filled which gives conviction to Bulls to move higher without any fear of coming down to fill the gap.

8. 5400 CE added 2.8  lakhs in OI,total OI now stands at 75 Lakhs making it the higher end of April Series.5100-5300 CE saw an unwinding of 4.7 lakh in OI which means smart money is betting on Nifty to go higher.

9. On Put side 5200 PE is having highest OI of 78 lakhs with a fresh addition of 6 lakhs.5200 base which looked like will break is again back this time with more conviction . 5000-5100 PE added 2.2 lakhs in OI Put writing happening at lower levels again a bullish indication.

10.FII  bought  221.63 cores and DII also bought 37.88 cores in cash segment.Results of both HCL and HDFC were in line with market expectation so things look good from Indian Corporate side/

11. Nifty Futures Trend Deciding level is 5276, Trend Changer at 5289 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).Average Traded price for FII comes at 4981 which is way way below today traded price of 5300-5364 which means FII have carried longs in NF today also.

Buy above 5311 Tgt 5344,5360 and 5385

Sell below 5290 Tgt 5264,5250 and 5233(Nifty Spot Levels)

 

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

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